Europe must "safeguard the
irreversibility of the monetary union," European Central Bank
(ECB) President Mario Draghi said in a report on ways to
strengthen the eurozone released Monday.
A "huge leap towards European integration" could be useful,
moving the eurozone away from the "current system of
coordination of the rules to one based on shared decision-making
within common institutions," added Draghi.
In this way can "differences become convergences," he said
in his comments on the 'Five Presidents Report' created by
European Commission President Jean-Claude Juncker, Euro Summit
head Donald Tusk, President of the Eurogroup Jeroen
Dijsselbloem, President of the European Parliament, Martin
Schulz, and Draghi.
The report is aimed at deepening the Economic and Monetary
Union (EMU) beginning on July 1 completing it by 2025.
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